Texas Restaurant Association Warns Credit Card Fee Deal Could Hurt Small Businesses, Consumers

Texas restaurant association warns credit card fee deal could hurt small businesses, consumers

EL PASO, Texas (KVIA) -- A proposed settlement in a decades-long lawsuit against Visa and Mastercard is being promoted as financial relief for businesses, but the Texas Restaurant Association says the plan could ultimately hurt small businesses and the customers who support them. Kelsey Erickson Streufert, the association’s chief public affairs officer, said the settlement stems from a class-action lawsuit that has been tied up in the courts for…

Texas Restaurant Association encourages Texans to use cash

As Small Business Saturday on November 29 approaches, the Texas Restaurant Association is encouraging Texans to pay with cash instead of credit cards to help local restaurants keep more of every dollar during one of the busiest shopping weekends of the year. This request comes at a time when credit card swipe fees are receiving national attention following the newly proposed Visa/Mastercard settlement. The proposal has renewed focus on how swipe…